The market is poised for a positive opening on Monday tracking positive global cues after elections in Greece eased fears of global financial turmoil. Market men expect a 25 basis points reduction in its key policy rate viz. the repo rate by RBI at its mid-quarter policy review on Monday, 18 June 2012 to counter slowing economic growth.

Key benchmark indices surged on Friday, 15 June 2012, to attain their highest closing level in over 6 weeks as stocks rose across the globe. The BSE Sensex was up 271.95 points or 1.63% to 16,949.83, its highest closing level since 3 May 2012.

Foreign institutional investors (FIIs) bought shares worth a net Rs 339 crore on Friday, 15 June 2012, as per provisional figures from the stock exchange.

US markets edged higher on Friday ahead of Greece elections on rising optimism that major world central banks will take coordinated action if the closely watched election results in market turmoil. The Dow Jones Industrial Average rose 115.26 points, or 0.91%, at 12,767.17. The Standard & Poor's 500 index was up 13.74 points, or 1.03%, at 1,342.84. The Nasdaq Composite index gained 36.47 points, or 1.29%, at 2,872.80.